Steel News

Tenova Wins Order for Reheat Furnace

20 April 2017 - NLMK has awarded a contract to Tenova for a new walking beam furnace at its Lipetsk, Russia, mill.

Investigation to Assess National Security Risks of Steel Imports

20 April 2017 - The Trump Administration has opened an investigation into whether steel imports are threatening national security, invoking a seldom-used, 55-year-old law that gives the president the right to restrict imports due to national security concerns.

Steel Dynamics Sees Increase in Demand, Profits

20 April 2017 - Improving steel demand and rising prices allowed Steel Dynamics Inc. to more than double its first-quarter profits, the company said on Wednesday.

March Was a Banner Month for China's Crude Steel Production

19 April 2017 - China set a new crude steel production record in March, making 72 million metric tons and besting the previous record by nearly 2%, according to the price and information service S&P Global Platts.

U.S. Trade Officials Initiate Wire Rod Investigation

19 April 2017 - The U.S. Department of Commerce has launched a dumping investigation into carbon and alloy wire rod from 10 countries.

Forecast: Indian Steel Production Poised to Double by 2032

18 April 2017 - India’s steel output is expected to double over the next 15 years as its economy grows and its citizens move toward the cities, reports the Bloomberg news service.

Primetals Technologies Tapped for Rebar Mill Improvements

18 April 2017 - Primetals Technologies has won an order to install a continuous rolling system at a rebar mill in Abu Dhabi, the mill builder has announced.

TimkenSteel Gains API Quality Management Certification

13 April 2017 - TimkenSteel has been awarded the American Petroleum Institute’s Q1 quality management certification and has been granted a license to apply the institute’s registered certification mark on certain products, the steelmaker has announced.

Russian Steelmakers Invest More than US$200 Million in Environmental Initiatives

13 April 2017 - Russia’s NLMK Group increased spending on environmental projects and controls by 12% in 2016, the steelmaker reported.

Two Look to Acquire Bankrupt Essar Steel Minnesota

11 April 2017 - Iron ore miner and an investor group are making competing bids for the former Essar Steel Minnesota, the half-built taconite mine and processing plant in Minnesota’s Iron Range, reports the Minneapolis Star Tribune newspaper.

Rebuilt Converter Resumes Production at POSCO Mill

11 April 2017 - POSCO has restarted a LD (BOF) converter at its Gwangyang plant following a project to modernize the approximately 30-year-old unit.

Swedish Steelmaker Wins Multimillion Order for Umbilical Pipe

11 April 2017 - Sweden’s Sandvik Materials Technology has bagged a SEK400 million (US$44.2 million) exclusive order for stainless umbilical tubes to be used in the offshore Leviathan natural gas field, the company said on Tuesday.

Thyssenkrupp joint venture would be 'high risk,' labor union says

11 April 2017 - Germany’s largest labor union is voicing disapproval of a potential joint venture between thyssenkrupp AG and Tata Steel, the Bloomberg news service reports.

Quaker Chemical, Houghton International Agree to Merge

10 April 2017 - Metalworking fluids maker Quaker Chemical Corp. is acquiring Houghton International Inc. through a deal valued at more than US$1.4 billion.

Aperam Finalizes Divestment of French Welded Tube Business

05 April 2017 - Stainless and specialty steel producer Aperam has the completed the sale of its French welded stainless tube business, the company has announced.

Indian Steelmaker Signs Off on Meltshop, Rolling Mill

05 April 2017 - India’s BMM Ispat has issued the final acceptance certificates for its new electric arc furnace and merchant bar mill at its Hospet plant in the state of Karnataka.

Severstal Signs Off on Tandem Mill Upgrades

04 April 2017 - Russia’s PAO Severstal has issued the final acceptance certificate on its newly modernized tandem cold mill at its Cherepovets plant, according to the vendor on the project.

EUROPIPE Bags Multiyear Order for Large-Diameter Pipe

04 April 2017 - Germany’s EUROPIPE has won an order for 635,000 tons of large-diameter pipe for a 300-mile natural gas transmission line in Germany.

Former ThyssenKrupp Executive to Lead IMS Systems

03 April 2017 - Non-contact measurement systems maker IMS Systems Inc. has appointed a longtime metals executive and consultant to oversee its North American operations.

Investment Firm Finalizes Acquisition of Steel Processing Businesses

03 April 2017 - Z Capital Group has completed its acquisition of Gerdau SA’s Atmosphere Annealing LLC and NitroSteel LLC, the investment firm announced on Monday.